Irish pig markets have finally seen a very welcome improvement in prices this week.
The news was announced by the IFA Pigs Chairman, Tom Hogan, who said that Ireland’s southern processors have been paying prices 4c/kg higher than previous weeks.
The processors involved are Dawn and Stauntons and this increase leaves prices between the €1.72-€1.74 p/kg range.
This finally brings the Irish pig price on par with our European counterparts, after months of calls for increases from the IFA and other organisations.
Though Tom Hogan did say that Irish prices need to exceed that of other European countries so Irish Pig farmers can begin to compete long term.
This increase was only implemented in the south, with processors in the north and Midlands not yet having officially increased their prices.
Tom Hogan did add that most suppliers around the country have received increases. These were seen in processing plants such as Rosderra, McCarron’s and Karro.
Ireland’s percentage of the EU price has improved slightly as a result, up to 94% this week.
The factory pig throughput for the week ending June 24th was 62,435 which represents an increase from last week of 153 and an increase of 2,355 on numbers from this time last year.
Slaughtering’s though are down by 0.8% from the same time period last year.
Export plants this week paid a flat rate basis of between 172cent/kg and 174c/kg.
Sows went for prices between 95 and 110 c/kg, while pig meat prices for Irish pork is at 1.66 p/kg.